Trinseo (NYSE:TSE) Stock Rating Lowered by Tudor Pickering

Tudor Pickering cut shares of Trinseo (NYSE:TSE) from a hold rating to a sell rating in a research report report published on Thursday, The Fly reports.

TSE has been the topic of a number of other reports. Zacks Investment Research upgraded Trinseo from a sell rating to a hold rating in a research note on Saturday, November 9th. ValuEngine cut shares of Trinseo from a strong-buy rating to a buy rating in a research note on Thursday. Morgan Stanley cut their price objective on shares of Trinseo from $49.00 to $32.00 and set an equal weight rating on the stock in a research note on Wednesday, August 14th. Citigroup cut shares of Trinseo from a neutral rating to a sell rating and lifted their price objective for the company from $32.00 to $35.00 in a research note on Wednesday, October 9th. Finally, Barclays set a $40.00 price objective on shares of Trinseo and gave the company a hold rating in a research note on Monday, September 9th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. Trinseo presently has an average rating of Hold and a consensus target price of $47.83.

TSE stock traded down $0.51 during mid-day trading on Thursday, reaching $42.72. The company had a trading volume of 388,135 shares, compared to its average volume of 471,416. The company has a quick ratio of 2.06, a current ratio of 2.89 and a debt-to-equity ratio of 1.70. The stock has a market capitalization of $1.75 billion, a P/E ratio of 5.89, a P/E/G ratio of 1.16 and a beta of 1.99. Trinseo has a one year low of $27.36 and a one year high of $52.95. The stock’s 50-day simple moving average is $43.21 and its two-hundred day simple moving average is $39.79.

Trinseo (NYSE:TSE) last posted its earnings results on Monday, November 4th. The basic materials company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.06). The company had revenue of $922.10 million during the quarter, compared to the consensus estimate of $1.02 billion. Trinseo had a net margin of 2.16% and a return on equity of 16.55%. The business’s quarterly revenue was down 23.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.83 earnings per share. On average, research analysts forecast that Trinseo will post 3.21 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date of this dividend was Wednesday, October 9th. Trinseo’s dividend payout ratio is currently 22.07%.

Several hedge funds and other institutional investors have recently modified their holdings of TSE. First Trust Advisors LP raised its stake in shares of Trinseo by 86.4% during the first quarter. First Trust Advisors LP now owns 78,387 shares of the basic materials company’s stock valued at $3,551,000 after purchasing an additional 36,331 shares in the last quarter. WINTON GROUP Ltd grew its holdings in Trinseo by 118.3% during the second quarter. WINTON GROUP Ltd now owns 18,951 shares of the basic materials company’s stock worth $802,000 after acquiring an additional 10,270 shares during the period. Bessemer Group Inc. acquired a new position in Trinseo during the second quarter worth about $152,000. Zeke Capital Advisors LLC grew its holdings in Trinseo by 18.6% during the second quarter. Zeke Capital Advisors LLC now owns 11,848 shares of the basic materials company’s stock worth $502,000 after acquiring an additional 1,860 shares during the period. Finally, Strs Ohio grew its holdings in Trinseo by 410.9% during the second quarter. Strs Ohio now owns 23,500 shares of the basic materials company’s stock worth $994,000 after acquiring an additional 18,900 shares during the period. Institutional investors and hedge funds own 99.58% of the company’s stock.

About Trinseo

Trinseo SA, a materials company, manufactures and markets synthetic rubber, latex binders, and plastic products in Europe, the United States, the Asia-Pacific, and internationally. The company operates through six segments: Latex Binders, Synthetic Rubber, Performance Plastics, Polystyrene, Feedstocks, and Americas Styrenics.

Read More: Are sell-side analysts objective?

The Fly

Analyst Recommendations for Trinseo (NYSE:TSE)

Receive News & Ratings for Trinseo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trinseo and related companies with MarketBeat.com's FREE daily email newsletter.